Truist Securities Maintains Buy Rating for BellRing Brands: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Truist Securities has reaffirmed its Buy rating on BellRing Brands (NYSE:BRBR) and increased its price target from $45.00 to $55.00. BellRing Brands' stock is currently trading at $50.71, and the new price target suggests an 8.46% upside potential. BellRing Brands offers nutrition products through brands like Premier Protein, Dymatize, and PowerBar, distributed across various channels.
November 24, 2023 | 5:00 pm
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Truist Securities maintains a Buy rating on BellRing Brands and raises the price target to $55, suggesting an 8.46% potential increase from the current price of $50.71.
The reaffirmation of a Buy rating and an increase in the price target by Truist Securities are strong positive signals for investors, suggesting confidence in BellRing Brands' future performance. This typically leads to increased investor interest and can drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100